BEIS creates landmark deal

Department for Business, Energy and Industrial Strategy has brokered landmark deal with the automotive industry to further the collaborative partnership established between government and the industry.

Seen as a first step towards establishing the UK’s leadership in meeting the Future of Mobility and Clean Growth Grand Challenges the deal secures joint investment and long-term commitments between government and industry in areas including the design and development of connected and autonomous vehicles (CAV), the research and development of battery technology and accelerating the manufacture of ultra-low and zero emission vehicles.

In particular, low-carbon automotive technologies will be developed, with the Government funding the Advanced Propulsion Centre with GBP500m over 10 years to 2023 to research, develop and industrialise new low-carbon automotive technologies in the UK, with industry providing GBP500m match funding for collaborative R&D projects.

In addition, through the Faraday Battery Challenge, the Government is investing GBP246m to make the UK a world leader in the design, development and manufacture of batteries for the electrification of vehicles.

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